Musings on tech and more from a cafe in the Middle East
Despite recording significant growth, the Venture Capital industry in China is set to get a further boost thanks to a new plan announced by the Chinese Central government to channel VC funds to innovative companies with high-growth potential. VC investments in China recorded significant growth quarter-on-quarter, almost tripling from $211 Million (1.4 Billion Yuan) in the second quarter to $630 Million (4.3 Billion Yuan) in the third quarter of this year. A statement issued by the National Development and Reform...